Landlords from Ontario I need help on pricing

[Cole Black]

Hey guys and girls,

I was listening to the bp podcast today show 11. They were saying to charge 2% of purchase price on rentals. I’ve been looking at houses in Ontario and they are priced pretty high for what they are. A small pretty near trailer is worth over $100,000, now to rent that out at 2 percent would be way to high. They say start small and grow but the ones that are worth while that will get a 2% return are duplexes or fourplexes. Would this be an ok entry investment or would I be best to start with a single family home. Do you have any tips. I am just starting out....